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Nov 25 - 07:55 AM

USD/JPY's Rebound Shows This Market Remains Quite Resilient

By Martin Miller  —  Nov 25 - 05:50 AM
  • USD/JPY dipped in Asia to 153.55, before the rebound to 154.73 in Europe

  • Day-traders shorted USD/JPY early, but have since pared shorts nL2N3MW056

  • Dollar dipped after strong run on Trump Treasury nomination nL2N3MW05L

  • Those long the dollar could enjoy big gains nL2N3MW08O

  • USD/JPY chart is bullish while above last week's 153.28 low nL2N3MW074

  • EUR/JPY has seen a 161.00-162.09 (EBS) range so far this week

Source:
Refinitiv IFR Research/Market Commentary

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